In a surprising twist that has energized crypto enthusiasts, VivoPower has revealed plans to adopt XRP as its official treasury reserve asset—making it the first publicly traded company to take this leap. The decision follows the company’s successful $121 million private funding round and could redefine how businesses view XRP as a legitimate alternative to more dominant digital assets like Bitcoin and Ethereum.

This strategic shift comes amid growing corporate interest in digital currencies as treasury instruments. While Bitcoin has long been the frontrunner in this space, with over 100 firms allocating a portion of their reserves to it, VivoPower’s pivot to XRP signals that new contenders are emerging.

Why VivoPower Picked XRP

In an in-depth conversation with Tony Edwards, Kevin Chin, CEO of VivoPower, explained the rationale behind this move. Chin, who has been involved in the digital asset space for years, pointed to a few key factors—chief among them being his strong belief in XRP’s potential, especially in decentralized finance (DeFi).

“I have genuine conviction in XRP and what it can do for markets,” said Chin. He went on to say that while Bitcoin, Ethereum, and Solana are widely used and held by corporate treasuries, XRP remains largely untapped in that regard. “We saw a gap in the market,” he added, highlighting the company’s intent to stand out as a first mover in the corporate adoption of XRP.

Chin also acknowledged that Bitcoin treasuries have become a crowded space, with large companies like Tesla, MicroStrategy, and Square dominating headlines. “There are already more than 100 companies doing it very well,” he said, explaining that this saturation made Bitcoin less attractive from a strategic differentiation standpoint.

XRP Army’s Influence Was a Factor

Interestingly, Chin didn’t shy away from crediting the XRP community—commonly known as the ‘XRP Army’—for influencing the company’s decision. According to Chin, VivoPower has been part of this online ecosystem for some time and recognizes the strength and resilience of XRP holders around the world.

“The XRP community has always stood strong, even during challenging times,” Chin noted. “Their energy and commitment have been hard to ignore.”

By tapping into this community-driven support, VivoPower aims to not only benefit from XRP’s underlying technology and liquidity but also position itself as a champion of emerging crypto projects that offer real-world utility.

Why This Move Matters

VivoPower’sr revealed isn’t just another footnote in the ongoing crypto adoption narrative. It represents a potential shift in how corporations approach digital asset diversification. With Bitcoin and Ethereum often dominating the conversation, XRP’s entry into corporate treasuries could inspire other firms to explore beyond the usual suspects.

This could also influence investor behavior. For institutional and retail investors alike, the move adds another layer of credibility to XRP as a legitimate store of value, especially in light of ongoing debates surrounding its regulatory status.

While XRP has faced its share of legal hurdles, including the well-known SEC lawsuit, the asset has retained a loyal following and shown resilience in terms of adoption and price performance.

Corporate Treasury Diversification on the Rise

The concept of using digital assets in corporate treasuries isn’t new. Over the past few years, companies ranging from fintech startups to Fortune 500 firms have been exploring ways to preserve cash value, hedge against inflation, and access global liquidity.

Bitcoin has typically been the go-to asset for these purposes due to its liquidity, market capitalization, and brand recognition. Ethereum and Solana have also gained traction due to their smart contract capabilities and role in decentralized applications.

However, XRP offers a different kind of appeal. With a focus on fast, low-cost cross-border transactions and growing relevance in the DeFi space, XRP is uniquely positioned to serve companies that want efficient capital mobility along with a supportive global ecosystem.

What’s Next for VivoPower and XRP?

VivoPower’s treasury move could act as a catalyst for similar companies, especially those in sectors where global payments and decentralized finance hold strategic importance.

The company’s decision might also bring new visibility to XRP at a time when more investors are reevaluating their crypto portfolios. While the long-term success of the strategy remains to be seen, the short-term impact is clear: XRP is no longer just a retail favorite—it’s now on the corporate radar.

Kevin Chin hinted at further crypto-related initiatives on the horizon, though specifics weren’t disclosed. For now, the company seems focused on solidifying its treasury strategy and monitoring the evolving regulatory environment.

Final Thoughts

VivoPower’s bold treasury decision is more than just a financial maneuver—it’s a signal that alternative digital assets like XRP are gaining ground in boardrooms and treasury departments. With Bitcoin’s dominance being challenged and Ethereum and Solana already in the mix, XRP is carving out its own niche in the evolving corporate crypto landscape.

And if this move pays off, the XRP Army may have more to celebrate—this time, with the backing of Wall Street.